RobotFX curates the best open-source MetaTrader code to inspire your trading automation.
This indicator gives us four signals to filtering 4 strategies:
Broken Trend:
Buy:
1 - Broking the Down Trend;
2 - Crossing of tow Exponential Moving Average: EMA9 Cross Up EMA30;
3 - Momentum value > 100.
Sell:
1 - Broking the Up Trend;
2 - Crossing of tow Exponential Moving Average:EMA9 Cross Down EMA30;
3 - Momentum < 100.
The lower one gives the momentum & the Arrows points to the crossing of 2MA:
Golden Trend:
Buy:
1 - Broking the Down Trend;
2 - Crossing of tow Moving Average: EMA5 Cross Up SMMA15 (Smooth);
3 - DeMarker value > 0.5 & Force Index >0.
Sell:
1 - Broking the Up Trend;
2 - Crossing of tow Exponential Moving Average:EMA5 Cross Down SMMA15;
3 - DeMarker value < 0.5 & Force Index< 0.
The Middle one gives the required signal & the Arrows points to the crossing of 2 MA:
Golden Cross:
Buy:
1 - Crossing of tow Exponential Moving Average: EMA5 Cross Up EMA15;
2 - RSI value > 50 & Crossing Up of MACD& Crossing Up of ADX.
Sell:
1 - Crossing of tow Smooth Moving Average: EMA5 Cross Down EMA15;
2 - RSI value < 50 & Crossing Down of MACD& Crossing Down of ADX.
The Upper one gives the required signal & the Arrows points to the crossing of 2 MA:
Golden Lines:
When the price passed a strong resistance or support we can get a good confirming signal for Buy or Sell by looking to the three signals of the indicator.
Capture price channel breakouts with the Price Channel Expert Advisor. Precise entries and exits. Explore now.
Build better strategies with RobotFX professional tools – check them out.
7079
